The San Carlos Real Estate Week in Review: 6/6/2016.

The Scoop.

We are in the midst of the annual graduation/wedding/early-vacation lull that hits the San Carlos real estate market every year during the first two weeks of June. It's just that time of year when there are a ton of activities that are crammed into the first two weeks of the month, and it tends to dilute the focus of home buyers, albeit temporarily. As the last of the schools get out for summer this week, and the UC system holding their graduations later in the week, its likely we will see another week of slower activity. Thankfully, things usually pick back up again over the last two weeks just before we get into the 4th of July weekend, as homeowners push to lock up a home before the slow summer months set in.

Even with the slower activity (only 4 new listings), the buyers managed to take 7 of the existing homes out of circulation, which dropped the inventory down to 22 homes for sale. Home prices remained relatively stable, with the closed sales fetching about 9% above the asking price on average.

Here is a look at last week's numbers:

The Numbers.

Below is a high-level view of the market performance for single-family residences in San Carlos. This data is for the 7-day period ending Sunday 6/5/2016:

San Carlos Housing Data	6/5/16	Prior Week
Closed Sales for the Week:	4	6
Average Sold Price:	$1,646,250	$2,018,667
Average $/Sq Foot (Sold)	$952	$907
Average Sold as Percentage Of List Price:	109%	102%
Average DOM of Closed Sales	8	13
Total # of Homes Pending Sale:	37	36
No. of New Listings:	4	9
Total # of Active Listings:	22	24
Average Price of Active Listings:	$2,000,078	$1,858,447
Average DOM of Active Listings:	27	21
Average $/Sq Foot (List)	$870	$849
Active-Pending Ratio:	0.59 : 1	0.67 : 1

The San Carlos Open House Page.

If you're looking at open houses this weekend in San Carlos, check out the San Carlos Open House List. With one click on the Open House sign below, you'll get a “live” list of all the homes and condos that will be open this weekend in San Carlos! It's updated continuously from the MLS, so bookmark this link and you'll never have to wander around town looking for open houses again.

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San Carlos Single-Family Homes Sold:

Below is a list of the single-family home contracts that closed escrow this past week in San Carlos. Click on the address of each to see the complete details.

Address	Sold Price	Orig. List	Difference	DOM (days)
1322 Crestview Drive	$2,100,000	$2,050,000	+$50,000 (+2.4%)	2
423 Emerald Avenue	$1,875,000	$1,749,000	+$126,000 (+7.2%)	12
973 Alameda de las Pulgas	$1,360,000	$1,149,000	+$211,000 (+18.4%)	8
532 Emerald Avenue	$1,250,000	$1,150,000	+$100,000 (+8.7%)	29

Note: The sold data provided above is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction. The source of this data is the Multiple Listing Service (MLS). Author is in now way responsible for the accuracy of the data from this source.

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San Carlos Single-Family Homes Pending Sale:

The following single-family homes went into contract in San Carlos this past week. Click on the address of each home to see more details and photos:

Address	DOM (days)	List Price
1857 Elizabeth Street	8	$3,300,000
1335 Crestview Drive	5	$1,698,000
2092 Greenwood Avenue	11	$1,149,000
915 Hall Street	20	$898,000
1015 Riverton Drive	7	$1,195,000
237 Oakview Drive	8	$1,548,000
115 Los Vientos Way	27	$1,800,000

Note: The pending data provided above is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction. _______________________________________________________________________________________

New Single-Family Home Listings in San Carlos:

Below are the new listings that hit the market this past week in San Carlos. Click on the address of each home to see more details and photos.

Address	List Price	BR/BA	Sq Ft (home/lot)	Listed By
21 Cranfield Avenue	$3,795,000	4BR/4.5BA	4,080/11,386	Joe Pollifrone, Sereno Group
1044 Hewitt Drive	$1,749,000	3BR/2.5BA	1,970/12,136	Sternsmith Group, Alain Pinel Realtors
2071 Belle Avenue	$1,498,000	3BR/2BA	1,300/5,550	Bob Bredel, Dwell Realtors
14 Garden Lane	$1,350,000	3BR/2BA	1,280/10,999	John Shroyer, Today Sothebys

Note: The listing data provided above is strictly for informational purposes only, and should not imply that the author is the listing agent. This data is pulled from the Multiple listing service, and the author is in no way responsible for the accuracy of the data provided herein.

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